Norwin S & Elizabeth N Bean Foundation
- Assets
- $13.6m
- Revenue
- $1.5m
- Investments
- $13.1m
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 07/1966
- Data as of
- 12/2021
- EIN
- 02-6013381
Organization Overview
Norwin S & Elizabeth N Bean Foundation is located in Manchester, NH. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwin S & Elizabeth N Bean Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Norwin S & Elizabeth N Bean Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $750.0k during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Norwin S & Elizabeth N Bean Foundation has awarded 281 individual grants totaling $4,478,613. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Delaney Term Trustee | 4 | $2,500 | |
Thomas J Donovan Senior Trust | 8 | $2,500 | |
Katy Easterly-Martey Term Trustee | 4 | $1,500 | |
Robert Heaton Term Trustee | 4 | $1,500 | |
Kristen Mccracken Term Trustee | 4 | $1,500 | |
Maria Mongan Term Trustee | 4 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,521 |
| Dividends & Interest | $331,546 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,181,170 |
| Capital Gain Net Income | $989,259 |
| Net ST Capital Gain | $22,334 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,520,237 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,862 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,415 |
| Total operating and administrative expenses | $170,388 |
| Contributions, gifts, grants paid | $579,618 |
| Total expenses and disbursements | $750,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $194,378 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $250,000 |
| Total assets | $13,556,648 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Norwin S & Elizabeth N Bean Foundation has awarded $579,618 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
WAYPOINT NH PURPOSE: EMERGENCY SHELTER | $50,000 |
Manchester, NH PURPOSE: YOUTH ENRICHMENT PGM | $50,000 |
AMHERST PARKS RECREATION PURPOSE: RECONSTRUCTING CLUBHOUSE | $40,000 |
BOYS AND GIRLS CLUB OF NH PURPOSE: NEW LEARNING CENTER | $40,000 |
Manchester, NH PURPOSE: SPACE AND STAFF EXPANSION | $27,500 |
Manchester, NH PURPOSE: EYE CARE EXPANSION PROJECT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |
Richard And Susan Smith Family Foundation Newton, MA | $287,463,199 | $21,143,524 |